- Ripple invested in ZILO and Licuido to extend transfer agency and tokenized asset solutions through XRPL.
- RLUSD will be used for the settlement of delivery versus payment trades and for tokenized collateral.
- Investment amounts by Ripple were not revealed, and further rollout dates are still undisclosed by both companies.
Ripple strategic investments in United Kingdom-based firms ZILO and Licuido mark the company’s latest move to expand institutional services on the XRP Ledger (XRPL). Announced on Aug. 3, the transactions add transfer agency technology, token issuance capabilities, and collateral mobility tools to Ripple’s existing digital asset infrastructure.
Ripple Strategic Investments Add Transfer Agency and Tokenization Services
Ripple said the investments cover different parts of the tokenized asset lifecycle. ZILO provides transfer agency and fund administration technology used by asset managers, custodians, and transfer agents. Moreover, its newly introduced platform allows institutions to administer both conventional fund units and tokenized share classes within a single operating system.
According to the announcement, the platform supports issuance, settlement, reconciliation, payments, corporate actions, and regulatory reporting without requiring separate infrastructure for digital assets.
ZILO also said its configuration tools translate fund rules, share classes, and jurisdictional requirements into onchain logic while maintaining legal ownership records as assets move through the system.
Licuido focuses on token issuance, distribution, secondary trading, and collateral mobility. The platform is designed to allow tokenized fund units to be used as collateral through atomic settlement infrastructure. Ripple said combining Licuido’s issuance capabilities with ZILO’s transfer agency technology would expand the services available to institutional participants using XRPL.
RLUSD Planned for Delivery-Versus-Payment Settlement
Ripple stated that its stablecoin, RLUSD, is expected to serve as the cash component in delivery-versus-payment transactions conducted on XRPL. Under this structure, payment and the corresponding tokenized asset settle simultaneously on the blockchain rather than through separate processes.
The company said this approach is intended to allow tokenized funds to become eligible collateral from the point of issuance. Ripple linked the model to its broader institutional infrastructure, which includes custody, issuance, collateral utility, multi-currency investment capabilities, and settlement services.
Key developments announced
- Ripple invested in ZILO and Licuido without disclosing financial terms or ownership stakes.
- ZILO introduced a platform supporting both traditional and tokenized fund administration.
- RLUSD will be used by Ripple as the settlement coin for delivery versus payment transactions.
Regulatory and Partnership Structure
The news provided clarity regarding the regulatory status of Licuido as well. Licuido Markets Limited functions as an appointed representative of Sapeno Partners LLP, which is licensed and regulated by the UK’s FCA (Financial Conduct Authority).
Ripple notes that Licuido is not presented as being directly authorized by the FCA, with its permitted activities conducted under its principal firm’s regulatory framework.
Ripple connected the latest investments to existing institutional collaborations. The company previously partnered with Aviva Investors to explore tokenized fund structures on XRPL, and on July 29, Aviva Investors launched a tokenized share class of its U.S. Dollar Liquidity Fund after receiving approval from the Central Bank of Ireland.
Ripple also referenced ongoing work involving Franklin Templeton and DBS. However, Ripple did not state that ZILO or Licuido would participate in every existing institutional project.
Current XRPL tokenization data
- XRPL holds approximately $368 million in tokenized real-world assets.
- Ethereum remains the largest network with $17.1 billion in tokenized RWAs.
- Total tokenized asset value reached $37.3 billion, while the number of holders increased to 1.57 million during the past 30 days.
Next Steps Depend on Integration and Client Deployment
Ripple said future progress will depend on technical integration and institutional adoption rather than the investment announcements alone. ZILO confirmed it will provide a digital transfer agency solution to Ripple but did not publish a deployment timeline.
Licuido also said it plans to expand its collateral marketplace on XRPL without announcing launch dates or identifying participating asset managers.
The announcement stated that additional disclosures will be needed to identify which investment funds adopt the combined infrastructure, how Licuido’s regulated activities operate under its principal firm, and whether RLUSD records measurable settlement activity.
At present, Ripple said the investments expand the infrastructure available on XRPL, while deployment schedules, transaction volumes, and adoption metrics remain undisclosed.
Frequently Asked Questions
What companies did Ripple invest in?
Ripple announced strategic investments in ZILO and Licuido, two United Kingdom-based firms focused on transfer agency technology and tokenized asset infrastructure.
What role will RLUSD play?
Ripple said RLUSD is intended to serve as the cash settlement asset for delivery-versus-payment transactions conducted on XRPL.
Were the investment amounts disclosed?
No. Ripple did not disclose the financial terms, ownership stakes, or expected financial returns related to either investment.
